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browns the team became the raven's after he moved to baltimore in 96. his dead at the age of 87. those are your news headlines. the fox business network, now back to you. lori: thank you for the update. melissa: $1 billion in cost-cutting. what will those cuts b? charlie gasparino as the two-story. >> reporter: we are getting this from people inside. people that are talking to wall street executives from -- also looking for jobs. this might be the base cost cutting. now, we should point out, not just the business conditions on wall street this tampering, but also an insider-trading scandal, problems with the bank, a japanese bank, so a lot of other issues. this is the most extreme example of what is going on in maastricht, and it's affecting the equities business, the stock trading, banking, research which has been hit particularly hard in the current wall street profit. so this is what we know. telling executives the fox business network has learned, particularly in the equity business essentially to look for other jobs. signaling to these executives that they are winding down their e
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